Fuelcell Energy (FCEL) Debt Ratio (2010 - 2026)

Fuelcell Energy (FCEL) posted Debt Ratio of 0.02 for Q2 2026, down 4.91% sequentially from 0.02 in Q1 2026, and down 10.81% YoY from 0.02 in Q2 2025.

Fuelcell Energy (FCEL) Debt Ratio (2010 - 2026) Analysis & Trends

Fuelcell Energy has reported Debt Ratio for 17 years, with the latest figure at 0.02 in Q2 2026.

Quarterly Debt Ratio fell 10.81% year-over-year to 0.02 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.02 (down 10.81% YoY) and the FY2025 annual result came in at 0.02, up 0.8% from the prior year.
Debt Ratio fell to 0.02 in Q2 2026 per FCEL's latest filing, from 0.02 in the prior quarter.
Over five years, Debt Ratio peaked at 0.02 in Q3 2025 and troughed at 0.01 in Q3 2023.
A 5-year average of 0.01 and a median of 0.01 in 2022 frame the typical range for Debt Ratio.
The sharpest annual moves came in 2022 and 2025: Debt Ratio tumbled 56.95% in 2022, then jumped 68.44% in 2025.
Over 5 years, Debt Ratio stood at 0.01 in 2022, then decreased by 24.98% to 0.01 in 2023, then jumped by 60.09% to 0.02 in 2024, then advanced by 0.8% to 0.02 in 2025, then gained by 1.72% to 0.02 in 2026.
According to Business Quant data, Debt Ratio over the past three periods registered 0.02, 0.02, and 0.02 for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Vertiv Holdings	100.40 Bn	97.29 Bn	1.23 Bn	0.18
2	Bloom Energy	56.96 Bn	54.30 Bn	355.57 Mn	0.00
3	Hubbell	24.92 Bn	24.52 Bn	613.00 Mn	0.45
4	nVent Electric	24.81 Bn	24.55 Bn	558.00 Mn	0.21
5	Advanced Energy Industries	11.15 Bn	9.73 Bn	236.10 Mn	0.37
6	Acuity Inc. (De)	10.35 Bn	9.94 Bn	606.40 Mn	0.15
7	Powell Industries	7.27 Bn	6.64 Bn	95.30 Mn	-
8	EnerSys	6.94 Bn	6.41 Bn	313.36 Mn	0.26
9	Plug Power	3.21 Bn	2.89 Bn	-1.68 Mn	0.03
10	Fuelcell Energy	1.05 Bn	675.23 Mn	-12.93 Mn	0.02

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